IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Malaysia Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Kuala Lumpur

330 2022

4,401 2022

22

Exchange rate (per $)

25

27

27

32,70 2022 25 406,3 2022 32 33.532 2022 46 8,7 2022 03 3,38 2022 07 3,90 2022 18 15,80 2021 23 11,62 2022 10 187,4 2021 32 4,99 2021 13

32

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Strengthen talent development through Demand-Driven Labor Market model to ensure industry-ready workforce. • Embrace a digital-first mindset and enhance digital technology across various sectors. • Boost productivity and competitiveness through regulatory reforms for ease of doing business at national and sub national levels. • Enhance environmentally sustainable development for better quality of life.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Malaysia Productivity Corporation (MPC), Petaling Jaya, Selangor

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

1

8

10

16 14

16

21

29

29

30 32 31

31

33

34

39 36

42 45

45

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

7

8

6

9

10

7

11

8

8

8

93